Finance Act 2019

Amendment of Part 11C of Principal Act (emissions-based limits on capital allowances and expenses for certain road vehicles)

19. (1) The Principal Act is amended in Part 11C—

(a) in section 380L—

(i) in subsections (3)(a), (4)(a), (5)(a)(I) and (6)(a), by substituting “A or B” for “A, B or C” in each place,

(ii) in subsections (3)(b), (4)(b), (5)(a)(II) and (6)(b), by substituting “C” for “D or E” in each place, and

(iii) in subsections (3)(c), (4)(c), (5)(a)(III) and (6)(c), by substituting “D, E, F or G” for “F or G” in each place,

and

(b) in section 380M—

(i) in paragraph (a), by substituting “A or B” for “A, B or C”,

(ii) in paragraph (b), by substituting “C” for “D or E”, and

(iii) in paragraph (c), by substituting “D, E, F or G” for “F or G”.

(2) Subsection (1) shall apply to expenditure incurred on the provision or hiring of a vehicle on or after 1 January 2021, except where, prior to that date—

(a) the contract for the hire of the vehicle was entered into, and

(b) the first payment required under that contract was made.